salary

People in the Netherlands are less concerned about salary differences between men and women than people in the rest of Europe, according to a study by HR and salary service provider ADP. In Europe 60 percent of employees said they would consider looking for a new job if it was clear that women at their current job earn less than men. In the Netherlands only half of respondents said they would do so, AD reports.

The average income of Dutch workers in their twenties decreased between 2004 and 2014, while the income of all workers increased over that period, Statistics Netherlands revealed on Tuesday. In that decade the average income of all Dutch workers increased from 24,900 euros to 26,100 euros. While the average income of workers in their 20s decreased from 23,900 euros to 23,100 euros, NU.nl reports.

Primary education teachers get significantly less respect and lower wages than their high school counterparts and other university graduates, according to a study by the research center for education and labor market ROA and Ecorys, NU.nl reports.

More than two out of ten employees in the Netherlands say they are unhappy with their job’s salary, reports the Statistics Netherlands (CBS) based on data collected in the fourth quarter of 2015. However, the percentages strongly vary between sectors. Almost four out of ten persons employed by government institutions said they were dissatisfied with their income.

For 553 thousand of the more than 1.35 million freelancers in the Netherlands, the money they earn as a freelancer is a sideline income. The bulk of their income consists of wages, pension or benefit, according to figures Statistics Netherlands released on Wednesday.

After the outbreak of the credit crisis in 2008, workers in the Netherlands are working longer hours for lower compensation, according to Statistics Netherlands on Wednesday. This trend can partly be attributed to the relatively high unemployment rate and the growing number of flexible and self-employed workers.

Cleaning company DJM Bedrijfdiensten from Deventer is removing the youth minimum wage, reports NOS. From summer onwards, employees under 21 will receive a full salary. The company is the first to set up the example in the industry.

Despite an ongoing public discussion into controversial pay raises approved for the executive board at Dutch bank ABN Amro, Finance Minister Jeroen Dijsselbloem sees an IPO as a possibility at some point in 2015. Dijsselbloem was once enthusiastic of the government-run bank being spun off, but that sentiment was dampened once the pay raise was publicly announced.

Triodos Bank is expected to benefit significantly from the social outcry that followed last week’s steep salary increases at ING and ABN Amro. a thousand new customers signed up with the bank last weekend, which is around five times the norm, a spokesman for Triodos told broadcaster NOS.

New legislation that would put a restrictive cap on the amount of cash bankers may collect in bonuses missed its proposed January 1 start date when last minute questions were asked by senators of coalition leader VVD. The law was previously lauded by coalition partner PvdA, the Dutch labour party, which has been at odds with the VVD after a health care bill failed to pass a Senate vote.

Most Dutch experienced a reduction in their salary last year. Wages decreased most in the agricultural sector (-6,6 percent) and in hospitality (-3,5 percent). Employment website Monsterboard concluded this after questioning 14 thousand people for the Wage Index, de Loonwijzer.